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We're seeing a lot of multiple offer situations here in Northern Texas. Today I'll go over a few strategies to help you put together a winning offer.
One of the strategies that I've found successful is to offer the seller a lease back. A typical closing period lasts about 30 to 45 days. If you offer the seller a lease back, that gives them a longer period of time to find their next property, along with the confidence that they can stay in the home until the time comes to move onto the next one. This option is appealing to many sellers.
I also recommend making your strategy as clean as possible. Don't ask for a title policy, don't ask for closing costs, and offer to pay for your own home warranty. Typically, if these items are included in the contract, it's the seller's responsibility to cover those costs. When you're up against other offers, not asking for those items sets you apart from the competition.
Another option is to leave the close date open-ended in the contract. If you do not have time constraints on when to move, letting the seller choose the closing date offers them a bit more flexibility. This can be a win-win for both sides, because offering that flexibility would certainly make you stand out against competing offers.
Of course, each situation is different between the buyer and the seller. The communication between your agent and the seller's agent is very important, because your agent can figure out how to position your offer favorably to the seller.
If you have any questions about real estate, please send me an email, and I'll be sure to answer them in a future video. We would love to hear from you!
One of the strategies that I've found successful is to offer the seller a lease back. A typical closing period lasts about 30 to 45 days. If you offer the seller a lease back, that gives them a longer period of time to find their next property, along with the confidence that they can stay in the home until the time comes to move onto the next one. This option is appealing to many sellers.
I also recommend making your strategy as clean as possible. Don't ask for a title policy, don't ask for closing costs, and offer to pay for your own home warranty. Typically, if these items are included in the contract, it's the seller's responsibility to cover those costs. When you're up against other offers, not asking for those items sets you apart from the competition.
Of course, each situation is different between the buyer and the seller. The communication between your agent and the seller's agent is very important, because your agent can figure out how to position your offer favorably to the seller.
If you have any questions about real estate, please send me an email, and I'll be sure to answer them in a future video. We would love to hear from you!
